Homepage Attorney-Approved Residential Lease Agreement Template for Arkansas

File Details

Fact Name Description
Governing Law The Arkansas Residential Lease Agreement is governed by the Arkansas Code Annotated, Title 18, Chapter 17.
Purpose This form outlines the terms and conditions under which a landlord rents property to a tenant.
Duration The lease can be for a fixed term or month-to-month, depending on the agreement between the landlord and tenant.
Security Deposit Arkansas law allows landlords to collect a security deposit, which typically cannot exceed two months' rent.
Rent Payment The lease should specify the amount of rent, payment due dates, and acceptable payment methods.
Maintenance Responsibilities The agreement outlines the responsibilities of both parties regarding property maintenance and repairs.
Termination Notice For month-to-month leases, either party must provide at least 30 days' notice to terminate the lease.

Key takeaways

When filling out and using the Arkansas Residential Lease Agreement form, keep these key takeaways in mind:

  • Understand the Basics: Familiarize yourself with the essential terms of the lease, such as duration, rent amount, and security deposit requirements.
  • Complete All Sections: Ensure every section of the form is filled out completely to avoid misunderstandings later. Missing information can lead to disputes.
  • Review State Laws: Be aware of Arkansas laws regarding landlord and tenant rights. This knowledge can help you understand your obligations and protections.
  • Signatures Matter: Both the landlord and tenant must sign the lease for it to be legally binding. Ensure that each party receives a copy.
  • Keep Records: Store a copy of the signed lease in a safe place. This document will serve as a reference point for both parties throughout the lease term.

Detailed Steps for Using Arkansas Residential Lease Agreement

Filling out the Arkansas Residential Lease Agreement form is a straightforward process. The form requires specific information about the landlord, tenant, and property. Completing it accurately ensures that both parties understand their rights and responsibilities.

  1. Begin by entering the date at the top of the form.
  2. Provide the full name and address of the landlord.
  3. Enter the tenant's full name and current address.
  4. Fill in the address of the rental property.
  5. Specify the lease term, including the start and end dates.
  6. Indicate the monthly rent amount and the due date.
  7. Outline any security deposit requirements, including the amount and conditions for its return.
  8. Detail any additional fees, such as late payment penalties or maintenance costs.
  9. Include any rules or regulations that apply to the property or community.
  10. Both the landlord and tenant should sign and date the form at the bottom.

Common mistakes

Filling out the Arkansas Residential Lease Agreement form can seem straightforward, but many people make common mistakes that can lead to confusion or legal issues later on. One frequent error is not providing complete information. Landlords and tenants must fill out all required fields. Leaving sections blank can create misunderstandings about the terms of the lease.

Another mistake is failing to read the lease thoroughly before signing. Many individuals skim through the document, missing important clauses or conditions. This can result in unexpected responsibilities or restrictions. Always take the time to understand what you are agreeing to.

Some people neglect to include the correct rental amount. It’s essential to specify not only the monthly rent but also any additional fees, such as utilities or maintenance costs. Misstating these figures can lead to disputes down the line.

Additionally, tenants often forget to clarify the lease duration. Stating whether it is a month-to-month agreement or a fixed-term lease is crucial. This detail affects both parties' rights and obligations.

Landlords sometimes make the mistake of not including the security deposit terms. Clearly outlining the amount, conditions for its return, and how it will be held is vital. This helps avoid conflicts when the lease ends.

Another common error is not specifying the pet policy. If pets are allowed, detailing any restrictions or additional fees is important. Conversely, if pets are not allowed, this must be clearly stated to avoid misunderstandings.

People also forget to list maintenance responsibilities. Clarifying who is responsible for repairs and upkeep can prevent disputes later. This includes everything from lawn care to appliance repairs.

Failure to include the correct contact information is another mistake. Both landlords and tenants should ensure their contact details are accurate and up-to-date. This facilitates communication and helps resolve issues quickly.

Some individuals overlook the importance of signatures. Both parties must sign the lease for it to be legally binding. Without signatures, the agreement may not hold up in court.

Finally, many people do not keep a copy of the signed lease. It’s essential to have a copy for personal records. This ensures both parties have access to the same information and can refer back to the agreement if needed.

Arkansas Residential Lease Agreement Sample

Arkansas Residential Lease Agreement

This Residential Lease Agreement is made effective as of the ______ day of __________, 20___, by and between:

Landlord: ____________________________________

Address: ____________________________________

City, State, Zip: ____________________________

and

Tenant: ____________________________________

Address: ____________________________________

City, State, Zip: ____________________________

This Agreement is governed by the laws of the State of Arkansas.

1. Lease Term

The lease shall commence on the ______ day of __________, 20___ and shall terminate on the ______ day of __________, 20___.

2. Rent

The total rent for the lease term will be $__________. Rent is due on the ______ day of each month. Payments should be made to:

____________________________________________________

3. Security Deposit

The Tenant shall pay a security deposit of $__________ prior to occupancy. This deposit will be returned within __________ days after the lease ends, subject to any deductions for damages or unpaid rent.

4. Use of Property

The Tenant agrees to use the property solely as a residential dwelling. No unlawful activities or commercial enterprises are permitted.

5. Maintenance and Repairs

The Tenant shall maintain the property in good condition. The Tenant must report any maintenance issues to the Landlord within ____ days of discovery.

6. Utilities

The Tenant is responsible for payment of the following utilities:

  • Electricity
  • Water
  • Gas
  • Internet

7. Pets

Pets are allowed/not allowed on the property. (Select one).

8. Governing Law

This Agreement shall be governed by the laws of the State of Arkansas.

9. Signatures

IN WITNESS WHEREOF, the parties have executed this Lease Agreement as of the date first above written.

Landlord Signature: ___________________________ Date: ___________

Tenant Signature: ___________________________ Date: ___________

By signing this agreement, both parties acknowledge that they have read, understood, and agreed to the terms and conditions of this Residential Lease Agreement.